by Guest » 17 Feb 2024, 04:56
“The wheels of justice turn slowly, but grind exceedingly fine”
Former President Donald Trump must pay nearly $355m (£281m) to New York state for lying about the values of his properties, a judge has ruled.
Judge Arthur Engoron also banned him from serving as a company director or taking out loans from banks in the state for three years.
The New York real estate mogul escaped having some of his companies dissolved, which could have meant bankruptcy.
Speaking from his Florida estate, Mr Trump said he would appeal the ruling.
In the ruling on Friday, Judge Engoron referred to previous allegations of wrongdoing in justifying the large amounts he ordered the defendants to pay, writing that they "are likely to continue their fraudulent ways" unless he imposed a "significant" penalty.
He made specific reference to the Trump Organization's conviction in a criminal tax fraud case in 2022, where a jury found it had enriched its top executives with off-the books benefits for more than a decade.
"Their complete lack of contrition and remorse borders on pathological," Judge Engoron wrote in an at times scathing 92-page decision.
Later he said: "The frauds found here leap off the page and shock the conscience."
Still, Mr Trump's empire was spared from one of the worst potential outcomes - the cancellation of its business licenses, known as the corporate death penalty.
Along with what Mr Trump has been ordered to pay, his two adult sons and co-defendants, Donald Jr and Eric, must each pay $4m. They are barred for two years from doing business in New York, while another co-defendant, Allen Weisselberg, the former chief financial officer of the Trump Organization, has been ordered to pay $1m.
Additionally, Mr Trump, his company, and its affiliates cannot apply for loans in New York for three years.
https://www.bbc.com/news/world-us-canada-68320290
Turns out that the "Art of the Deal" just consists of cheating, lying, and breaking rules & laws remorselessly.
So sad that what goes around is finally starting to come back around. So very, very sad
[i] “The wheels of justice turn slowly, but grind exceedingly fine”[/i]
[quote][b]Former President Donald Trump must pay nearly $355m (£281m) to New York state for lying about the values of his properties, a judge has ruled.
Judge Arthur Engoron also banned him from serving as a company director or taking out loans from banks in the state for three years.[/b]
The New York real estate mogul escaped having some of his companies dissolved, which could have meant bankruptcy.
Speaking from his Florida estate, Mr Trump said he would appeal the ruling.
In the ruling on Friday, Judge Engoron referred to previous allegations of wrongdoing in justifying the large amounts he ordered the defendants to pay, writing that [b]they "are likely to continue their fraudulent ways" unless he imposed a "significant" penalty.[/b]
He made specific reference to the Trump Organization's conviction in a criminal tax fraud case in 2022, where a jury found it had enriched its top executives with off-the books benefits for more than a decade.
"[b]Their complete lack of contrition and remorse borders on pathological[/b]," Judge Engoron wrote in an at times scathing 92-page decision.
Later he said: "[b]The frauds found here leap off the page and shock the conscience[/b]."
Still, Mr Trump's empire was spared from one of the worst potential outcomes - the cancellation of its business licenses, known as the corporate death penalty.
Along with what Mr Trump has been ordered to pay, his two adult sons and co-defendants, Donald Jr and Eric, must each pay $4m. They are barred for two years from doing business in New York, while another co-defendant, Allen Weisselberg, the former chief financial officer of the Trump Organization, has been ordered to pay $1m.
Additionally, Mr Trump, his company, and its affiliates cannot apply for loans in New York for three years.[/quote]
https://www.bbc.com/news/world-us-canada-68320290
Turns out that the "Art of the Deal" just consists of cheating, lying, and breaking rules & laws remorselessly.
So sad that what goes around is finally starting to come back around. So very, very sad :nails: